Creative Title
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OnlyFans felt the pressure not too long ago. It's just when they announced they were banning porn, they realized they didn't have anything else. So they reversed course and somehow can still take payments.
wrote last edited by [email protected]Wait what? OF banning porn? Is it 2021 again?
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I wonder how long this will last. The NSFW industry is insanely huge. If the current payment processors cut it off, that leaves a giant gap in the market just waiting to get filled (
).If they hold firm on this, it might just be a rare opportunity for a new (and hopefully better) payment processor to enter the market.
Or maybe just wider crypto adoption, idk.
wrote last edited by [email protected]I have no idea why all of a sudden payment processors care bout anything but money. What happened ?
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Dude. Read what you post.
A little bit of deflation is a product of, and good for, economic growth. But, in the case of an economy-wide, central bank-fueled debt bubble followed by debt deflation when the bubble bursts, rapidly falling prices can go hand-in-hand with a financial crisis and recession.
Deflation isn't bad. It is a symptom that occurs after an economy-wide, central bank-fueled debt bubble. That's the bad part. The debt that's not being repaid.
This takes us right back to the start of the discussion. In a crypto economy a central bank doesn't even exist, so crypto deflation is never bad.
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Dude. Read what you post.
A little bit of deflation is a product of, and good for, economic growth. But, in the case of an economy-wide, central bank-fueled debt bubble followed by debt deflation when the bubble bursts, rapidly falling prices can go hand-in-hand with a financial crisis and recession.
Deflation isn't bad. It is a symptom that occurs after an economy-wide, central bank-fueled debt bubble. That's the bad part. The debt that's not being repaid.
This takes us right back to the start of the discussion. In a crypto economy a central bank doesn't even exist, so crypto deflation is never bad.
The debt that's not being repaid.
Does deflation make debt easier or harder to repay?
In a crypto economy a central bank doesn't even exist, so crypto deflation is never bad.
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The debt that's not being repaid.
Does deflation make debt easier or harder to repay?
In a crypto economy a central bank doesn't even exist, so crypto deflation is never bad.
If you are expecting $100 and are only going to get back $50, are you happy that your purchasing power has increased and you are really getting $51 back, or are you angry that you've actually lost $49.
The crisis is the default, not the deflation.
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Not really a meme meme, but i felt like i had to :s
I'm curious what the banned users commented
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Not really a meme meme, but i felt like i had to :s
I'm not a cryptobro but these things make me want to hodl on some
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If you are expecting $100 and are only going to get back $50, are you happy that your purchasing power has increased and you are really getting $51 back, or are you angry that you've actually lost $49.
The crisis is the default, not the deflation.
wrote last edited by [email protected]That's not an economy.
Also LOL at the change in value being $1. Bitcoin is finite, permanently, forever. 100 years from now, 1000 years from now, bitcoin will continue to deflate year after year. At least gold can be mined, although at some point we will have extracted it all. The 2% deflation in your example is an absurd underestimation. Percentages in the hundreds to thousands is more realistic.
Deflationary currency is a great way to kill an economy, there's no motivation to invest and accept any risk when all you have to do to increase your wealth dramatically is wait, risk free. Economic activity comes to a grinding halt.
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I'm not a cryptobro but these things make me want to hodl on some
cryptocurrency is absolutely not going to be a substitute. what happens when your client's money drops in value halfway through working on their commission?
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Not really a meme meme, but i felt like i had to :s
Sex art is art
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Not really a meme meme, but i felt like i had to :s
Is this OC?
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Speed running the porn companies making their own payment processor
I'd open a KinkPay account, when offered.
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Wait what? OF banning porn? Is it 2021 again?
This isn't new. It's been happening for a while now.
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cryptocurrency is absolutely not going to be a substitute. what happens when your client's money drops in value halfway through working on their commission?
Easy. Agree on the price in a more stable currency, and pay the equivalent in crypto when the work is done.
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oh wow, it's that easy? we should do it with other things like piracy, human trafficking, tax evasion, insider trading, bribery, cyberattacks and environmental violations as well. oh wait, we did? it didn't stop it? i'm shocked. /s
Tax evasion is legal several places.
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I have no idea why all of a sudden payment processors care bout anything but money. What happened ?
Bad press?
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Obfuscation is not security.
yeah, just grants you plausible deniability
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That's not an economy.
Also LOL at the change in value being $1. Bitcoin is finite, permanently, forever. 100 years from now, 1000 years from now, bitcoin will continue to deflate year after year. At least gold can be mined, although at some point we will have extracted it all. The 2% deflation in your example is an absurd underestimation. Percentages in the hundreds to thousands is more realistic.
Deflationary currency is a great way to kill an economy, there's no motivation to invest and accept any risk when all you have to do to increase your wealth dramatically is wait, risk free. Economic activity comes to a grinding halt.
bitcoin will continue to deflate year after year. At least gold can be mined.
You know bitcoiners will still be mining for over 100 more years.
there's no motivation to invest and accept any risk when all you have to do to increase your wealth dramatically is wait, risk free.
Another lazy myth regurgitated. You were obviously an exam crammer, not a thinker.
People choose more over less. They will still invest in risk free bonds paying an interest rate because they will end up with more money. They will still invest in risky assets for the same reason if there were no deflation. More money.
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bitcoin will continue to deflate year after year. At least gold can be mined.
You know bitcoiners will still be mining for over 100 more years.
there's no motivation to invest and accept any risk when all you have to do to increase your wealth dramatically is wait, risk free.
Another lazy myth regurgitated. You were obviously an exam crammer, not a thinker.
People choose more over less. They will still invest in risk free bonds paying an interest rate because they will end up with more money. They will still invest in risky assets for the same reason if there were no deflation. More money.
wrote last edited by [email protected]You know bitcoiners will still be mining for over 100 more years.
Technically "mining" does not end because there will always need to be more blocks if there are new transactions. Minting new coins that get awarded to miners is what ends in a bit over 100 years. And then what happens? My point stands.
Another lazy myth regurgitated. You were obviously an exam crammer, not a thinker.
It's fact. You can't even refute it besides desperate name calling and just stating the opposite.
Sorry that reality isn't fun for you.When your system entirely hinges on people not considering risk...
denying that risk is a factor in risk-reward calculus because "PeOpLe WaNt MoRe" is totally convincing, big winner of an argument. They want more, and they can get more... by doing absolutely nothing... so that's exactly what they'll do to get the more they want. They could get more by robbing a bank or selling their kidney!!!! Oh wait, that's right, risk... 
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You know bitcoiners will still be mining for over 100 more years.
Technically "mining" does not end because there will always need to be more blocks if there are new transactions. Minting new coins that get awarded to miners is what ends in a bit over 100 years. And then what happens? My point stands.
Another lazy myth regurgitated. You were obviously an exam crammer, not a thinker.
It's fact. You can't even refute it besides desperate name calling and just stating the opposite.
Sorry that reality isn't fun for you.When your system entirely hinges on people not considering risk...
denying that risk is a factor in risk-reward calculus because "PeOpLe WaNt MoRe" is totally convincing, big winner of an argument. They want more, and they can get more... by doing absolutely nothing... so that's exactly what they'll do to get the more they want. They could get more by robbing a bank or selling their kidney!!!! Oh wait, that's right, risk... desperate name calling
I'm not calling you names. I'm saying you have demonstrated no ability to think independently. I don't think you are a LLM but likely you are copy pasting from one.
You can't even refute it
I did. You seem unable to process the responses I write or even the links you post.
When your system entirely hinges on people not considering risk.
I wrote the opposite. That under deflation people will still make risky investments because it will make them money. Yet again you demonstrate an inability to comprehend.
They want more, and they can get more... by doing absolutely nothing...
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Money under the mattress earns deflation
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Money invested earns deflation + interest.
The second is more than the first.
I think we've reached your limits in this topic.
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